The Infant-Industry Argument Is Often Criticized Because

question 125

Multiple Choice

The infant-industry argument is often criticized because

• A) it is difficult to determine which industry merits protection.
• B) it reduces government revenues in the short term.
• C) it reduces the employment rate.
• D) it reduces labor productivity in the short term.

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Definitions:

Markup

The amount added to the cost price of goods to cover overhead and profit; the difference between the cost of a good/service and its selling price.

Technical Solutions

Proposed methods or processes to solve specific technical problems or challenges.

Smart Mall

A shopping center enhanced with technology like digital directories, mobile apps, and IoT devices to improve the shopping experience.

Supercenter

A large retail store combining groceries and general merchandise with a wide range of services, such as banking or automotive repair.